News and Analysis

News and Analysis (15701)

RANDOM THOUGHTS: MANHATTAN

CaliforniaWatched a group of out-of-town high school students in Manhattan. I concluded that, especially the girls with their wildly or partially shaved and colored hair, the tourists now look more bizarre than the street people. ... I am happy to see New  Yorkers are proud of their heritage. I saw plaque stating “On this day in 1663, in what was the New Amsterdam, the first known pan handler asked someone for change to get back to New Jersey.” Unfortunately, the panhandler spoke in English and the other person Dutch.… When somebody told me the state was having a sales tax holiday.

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ACUMATICA TIES TO POWER BI

SJon Roskill, Acumatica howing that co-opetition is alive and well in the software market, Acumatica has introduced a content pack for Microsoft's Power BI. Acumatica more than debuted the content pack; the company was on stage at Build, Microsoft's annual developer conference. Microsoft describes Power BI, introduced this year, this way: "Power BI is a cloud service that lets you share, collaborate and access your Excel reports anywhere on any device." Acumatica said it would release the Acumatica Content Pack for Power BI "soon".

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SILVANI'S GRAVITY TAKES OFF

John Silvani, Gravity SoftwareGravity Software, headed by veteran reseller John Silvani, has launched its web-based accounting software. The application is targeted at a treacherous part of the market, the gap between QuickBooks and Dynamics GP. Silvani was formerly the owner of First Tech Direct, which he sold to Danish reseller Columbus in 2012. Written on Dynamics CRM, Gravity's cloud product is out the door with GL, AR, and AP. Inventory is expected to be released in the fall. The company is creating a channel in which it intends to enlist accountants, but as agents, not as resellers.

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BLACKBAUD CEO EARNED $4.8M

Blackbaud CEO Mike Gianoni earned $4.8 million in 2014 as the executive completed his first full year with the Charleston-S.C.-based nonprofit software vendor. The biggest portion of Gianoni's compensation came via a stock award valued at $2.6 million. Gianoni, hired in November 2013, also received a bonus of $864,277 to offset a lost bonus and equity at his prior job and to assist with relocation. CFO Tony Boor was paid $1.33 million last year, down from $1.35 million in 2013.

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NETSUITE EXECS CLEAN UP BIG TIME

 Zach Nelson, NetSuiteIf people have wondered what the NetSuite board thinks of the company's growth strategy, all they have do is read the annual proxy. I think we can say executives will be in a good mood when the cloud company's SuiteWorld conference convenes next week in San Jose, Calif. Named executives saw compensation for 2014 skyrocket as the company rewarded them with stock awards that  more than double their totals. CEO Zach Nelson received $31.6 million in compensation last year, up from $12.5 million in 2013 with a stock award of $28.3 million providing the push in the most recently completed year.

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SUGAR NAMES GLOBAL WINNERS

Craig Anderson, DataSyncSugarCRM has named its 2105 Global Partner Awards winners with Chandler, Ariz.-based Levementum selected as North American Partner of the Year. The global partner prize went to Squiz, based in Sydney, Australia. Squiz also has offices in New Zealand, Poland, the United Kingdom and the United States. Honored for outstanding regional revenue growth was Sioux Falls, S.D.-based DataSync. Early in April, DataSync, headed by Craig Anderson, said it had placed a $1.05 million round of private equity funding.

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SAGE LAUNCHES FRENCH CRM CHANNEL

Gildas Leroy, Sage FranceSage has launched a new CRM channel program. And you won't have details unless you read French and translation software does not make everything clear. But the fact that Sage has launched a channel anywhere should interest those U.S VARs who have concluded Sage is not channel friendly. We will ask if anywhere else is on slate other than France. The limited translation I got suggests the program is designed for obvious purposes—supporting customer needs and increasing partners something or another as the translation software did not generate a meaningful phrase and "to accelerate the sale and integration of cloud".

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BLACKBAUD NET, REVS UP DOUBLE DIGITS

Mike Gianoni, BlackbaudBlackbaud reported net income of $4.3 million for the first quarter ended March 31, an increase of 12.3 percent from $3.8 million a year earlier. Revenue for the first quarter of $150.5 million was 17.9-percent higher than the $127.6 million. In increased spending contributed to a 13. 6-percent drop in operating income. However, the bottom line was boosted by a 37.1-percent decrease in income tax expense. This week’s earnings webcast involved as much the transition to cloud products as it did more typical financial performance issues.

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AUSSIE EXCHANGE QUERIES XERO ON LOSS

 

XeroXero has posted a letter with two appendices in response to a query by the Australian stock exchange about the recently reported loss for the year ended March 31. Xero's loss of about $54 million was 96 percent higher than in fiscal 2014. The cloud software company's revenue for 2015 was roughly $141 million, 81 percent higher than in the prior year. Also posted on the New Zealand Exchange's website, the Australian Exchange's question was whether a reasonable person would consider the increased loss as having a material impact on the price or value of its securities.

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DESHAIES DEPARTS FROM SAGE

Don Deshaies, SageDon Deshaies, VP of channel management, has left Sage North America. Deshaies joined Sage in February 2014 and left to pursue a new opportunity, according to a statement from the company. Since the statement says opportunity, not opportunities, I concluded he is going to another job. (Well, thinking now maybe not). While Sage searches for a replacement, Joo Sohn, director of partner programs will take care of the channel.

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